Due Diligence: The Marketing Audit You Didn’t Know You Needed

  • Tanya Thorne
  • Oct 8, 2024
Due Diligence: The Marketing Audit You Didn’t Know You Needed

Let’s face it, the word “audit” doesn’t exactly make anyone’s heart race. In fact, it’s about as thrilling as watching grass grow. Most business owners would rather sit through a three-hour queue at the post office than dig into a marketing audit.

But here’s the kicker; skipping a proper marketing audit is like leaving money on the table. Like driving a car with a slow puncture, you’re still moving forward, but not as efficiently as you could be, and eventually, it’s going to cost you.

Many businesses believe they’re ticking all the marketing boxes and cruising along just fine. But without digging deeper, hidden opportunities slip by unnoticed, and inefficiencies pile up.

A proper marketing audit isn’t just a box-ticking exercise, it’s about finding where the gaps are, identifying the profit leaks, and fixing them.

In this article, we’ll walk you through the kind of marketing audit you didn’t know you needed; one that uncovers hidden potential and plugs those money-draining holes in your strategy.

Why Most Marketing Audits Barely Scratch the Surface

The illusion of the surface check

Most businesses think a marketing audit means glancing at campaign performance, checking social media stats, and maybe running a report from Google Analytics. It’s the equivalent of giving your car a once-over by kicking the tyres. But a proper audit dives far deeper, beyond vanity metrics like “likes” or “impressions,” and evaluates how each part of your marketing ecosystem is driving measurable business results.

Actionable tip: Instead of just focusing on high-level numbers, zoom into each component of your strategy. For example, don’t just measure social media engagement, assess what kind of posts resonate most with your audience and whether those interactions are turning into leads or sales.

How to: Break your marketing strategy into distinct parts: email campaigns, paid ads, organic reach, etc. Dive deep into each area’s performance. Are your emails leading to sales, or are they stuck in inboxes? Is your paid advertising driving qualified traffic, or just burning budget? Identify the areas where the data looks good on the surface but might not be delivering real business outcomes.

How The Troubleshooter helps: We dig beneath the surface, analysing each element of your marketing with forensic precision. We don’t stop at “engagement” or “traffic”, we analyse the conversion and ROI behind every campaign, ensuring you’re getting real value from your spend.

Budget Black Holes: Where’s Your Money Really Going?

Marketing spend: brilliant or a black hole?

Ever glance at your marketing spend and wonder, “Where did all that money go?” You’re not alone. Marketing budgets are often full of “black holes” – places where money is spent, but returns are minimal or non-existent. Paid ad campaigns are notorious for this, especially when they’re poorly targeted or mismanaged.

Actionable tip: Review every penny of your marketing spend and ask hard questions. Which campaigns are giving you the best ROI? Which ones are flatlining? Look for places where budget is going in, but results aren’t coming out.

How to: Use tools like Google Ads and Facebook Ads Manager to review your paid campaigns. Dig deep into the data, look at keyword performance, targeting accuracy, and conversion rates. Pause campaigns that aren’t delivering and refocus your budget on areas with proven returns.

How The Troubleshooter helps: The Troubleshooter identifies budget black holes. We don’t just optimise campaigns; we find the root cause of underperformance. Whether it’s a mistargeted ad or an ineffective bid strategy, we refine your spend to focus on high-impact, high-ROI campaigns.

Customer Journey Mapping: You Might Be Missing the Bigger Picture

Are you treating your leads like one-night stands?

Too many businesses treat their leads like one-night stands – giving everything upfront and then forgetting about them after the sale. A real marketing audit digs into the full customer journey, ensuring leads are nurtured from their first interaction to long-term loyalty.

Actionable tip: Map out your customer’s journey from first touch to final sale, and beyond. Are there moments where potential customers drop off? Are you nurturing them properly after their first interaction?

How to: Use journey mapping tools like HubSpot to track every interaction a customer has with your business. Identify where leads are dropping off and where nurturing could turn prospects into customers. Look for friction points in your funnel and address them directly.

How The Troubleshooter helps: We ensure that your customers are never left hanging. From lead generation to long-term engagement, we optimise every stage of the customer journey, turning first-time buyers into loyal, repeat customers.

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